Have you ever wondered how billionaires think that might be different than you?
In this billionaire brain training video, I’m going to explain how billionaires think.
After you finish watching this video, you’ll be armed with the billionaire brain training you can use to change your life.
Surveys show that 45% of billionaires were in the top 1% of cognitive ability.
Are their brains really different than yours, or do they just use their brainpower differently than you do?
Financial success isn’t magic, although it might seem that it is.
Massive wealth is a cause-and-effect relationship where your actions profoundly impact whether you become a success or failure.
Massive wealth doesn’t happen by chance.
It happens by taking specific actions that I will detail in this video.
What will cause you to take action depends on your thinking about wealth.
It’s your analysis, rationalization, decision making, tradeoffs, and problem-solving abilities that determine your wealth.
Guess what part of you is responsible for these functions?
Your brain was conditioned to view money as you grew from a child to an adult.
Your mind is the engine that determines your ultimate wealth in life.
It’s the most important thing to understand and improve if you want unimaginable wealth and power.
Because of this, you should have a fascination with the minds of successful people.
You should study how they think and how their brains function so that you can build your mind in the same form and function.
In this video, I show you what a billionaire’s mind looks like, how they work, and how to assemble one of them for yourself starting today!
This is one video you seriously don’t want to miss.
Let me know what you think in the comments below.
Most insanely wealthy people are grounded in reality.
They are approachable people, which makes replicating what they have done seem almost doable for someone like you.
Take Warren Buffett, who once said that you don’t need to be a rocket scientist.
Investing is not a game where the guy with the 160 IQ beats the guy with 130 IQ.
But is he right?
Are billionaires really just ordinary folks, or do their brains operate in a more rarified way?
Luckily for us, Jonathan Wai, a research scientist at Duke University, set out to answer this very question.
Wai found that about 45 percent of billionaires were in the top one percent of cognitive ability.
But despite the overall braininess of the ultra-wealthy, many other factors certainly helped them accumulate their wealth.
Factors like work ethic, privilege, discipline, and luck.
Let’s assume that a big brain isn’t all it takes to make the Forbes 400 list of the wealthiest people.
What are some of the behavioral attributes of the Warren Buffetts of the world that make them so darn successful?
Let’s dive into a few billionaire behavioral attributes.
A contrarian mind is one hallmark of a billionaire that helped them accumulate their wealth.
Warren Buffett is what people would call a “value investor.”
Someone who buys stocks that others don’t want and believe to be un-sexy.
While most run out of the market when stocks drop in price, two prominent billionaires, Buffett and Sir John Templeton, made their fortunes taking a different approach.
Buffett’s advice in this respect was to “Be fearful when others are greedy and greedy when others are fearful.”
Whereas Sir John said that, “The time of maximum pessimism is the best time to buy, and the time of maximum optimism is the best time to sell.”
In both cases, their fortunes were made not necessarily by smarts but by going against what others thought made sense.
Do you think this way?
Do you often go the opposite direction from what your friends and associates believe?
If you do, then you also have a contrarian mind that could accumulate massive wealth one day.
A patient mind is another behavioral trait of a billionaire.
As humans, we are prone to something called “present bias.”
The psychobabble term is “hyperbolic discounting.”
Our present reality tends to win out over our desired future reality.
This is because our brains see the future as less real.
Consider every diet you’ve ever been on.
You have an idealized vision of your future self, which includes better abs, but your present condition keeps getting in your way.
You view your future better body as somewhere in the ethos.
But those cookies, those sweet, buttery cookies, are in your face right now.
This sort of impatience leads you to make easy decisions that don’t serve the wealth-building efforts of your future self.
Billionaire hedge fund manager Ray Dalio and media mogul Oprah Winfrey practice meditation to fine-tune the wealth-building competence of patience.
A simple mind is yet another behavioral trait of a billionaire.
It might seem strange to suggest that a billionaire with a simple mind could amass a massive war-chest of wealth.
How can the 1% of the 1% be simple-minded and mega-wealthy?
Consider some of the highest-profile billionaires around and how they made their fortunes.
Mark Zuckerberg got rich, helping people connect more effortlessly online.
Steve Jobs made his billions by streamlining the personal computing experience.
Sam Walton spawned a family fortune by putting everything you need under one roof at a low price.
I don’t doubt the smarts or true genius in making the complex seem simple.
In each case, the brilliance of their discoveries was in how commonplace it looked after the fact.
With 20/20 hindsight, we shake our heads and ask, “Why didn’t I think of that?”
Rather than complicating something for its own sake or out of some sense of intellectual showmanship, these three made it big by making the complex seem easy.
What complex problem can you solve and make it seem easy?
The next four traits serve as your roadmap to creating your own billionaire mindset.
The first trait is that billionaires think deeply about how to solve a complex problem in a simple way
One of the most impactful billionaire mindset traits is that they think on a colossal level.
Billionaires are not thinking about, “I want to make another billion dollars.”
They are thinking deeply about everything that very well could net them their next big investment deal.
For example, a billionaire may ask, “How can people get more free time?”
That’s a lofty question, and if you find a solution, you could be the next billionaire.
But, more questions follow, for example:
What do people do most of the day?
How much time do they not spend at the office?
What are they doing instead of working?
How much time is spent preparing food and cleaning after food?
What do people dislike about cooking?
It is not so much thinking big, but rather thinking deeply about solving a problem that affects billions of people.
A second trait is that Billionaires keep good company in their orbit to help them achieve greatness.
One hallmark that is important to having and maintaining a billionaire mindset is to keep good company.
If you spend time with negative people that don’t have a vision for the future, guess what?
You will begin to mirror those traits and not have a big vision for your future.
If you have a supportive circle that pushes you to fulfill your goals, you will most likely succeed.
It is better to spend time with people who engage in positive activities and push you forward.
Even if you fail, your friends and associates will help you understand what to learn from that failure to succeed down the road.
Do you surround yourself with people who are winners, or are they just a team of losers?
A third trait is that Billionaires believe that they control their future destiny, not the government.
Do you believe that you control what your future will be?
Maybe you believe that your destiny is controlled by who is President or what political party controls Congress.
Billionaires spend their day thinking about how to make their future brighter.
This is a hallmark of a billionaire.
Billionaires genuinely believe they make their own destiny, or future, based on the decisions they make.
This energy projection into the future leads them toward action, consciously and subconsciously, to accomplish future goals.
World heavyweight boxing champion Muhammad Ali, one of the greatest fighters of all time, pictured himself winning long before stepping into the ring.
You must picture yourself winning the battle to accumulate wealth.
It doesn’t matter if the Democrats or the Republicans control the country.
That should not stop you from getting the wealth that you desire.
A fourth trait is that Billionaires turn failure into success.
I know that you’ve heard the phrase, “turn lemons into lemonade.”
If you have not, it’s when you turn a bad situation into a positive one.
You find the good in anything wrong that happens.
Do you want to be successful in your professional and personal life?
There is one simple tweak in your mind that can usher success along a bit faster.
Make failure a positive!
Not all billionaires have success right out of the gate.
A failure can serve as a teachable moment so that a mentor can step in and point out the positives of the failure.
For instance, billionaire Richard Branson suffered several failures on his path to a 10-digit net worth.
You may not remember this, but Branson launched a soda company called Virgin Soda, a Coke and Pepsi “competitor” that failed miserably.
Branson learned that he should only go into businesses where he would be clearly better than all the competition.
He then went on to do some pretty amazing things, like Virgin Mobile.
A fifth trait is that a Billionaire Mind wants to invest without actually investing.
When it comes to investing, billionaires look for ways to invest without actually investing.
For instance, instead of investing a million dollars into a new business venture, they may ask the question, “How can I invest in this company without actually investing.”
This is the frugal mindset successful entrepreneurs and investors use to create wealth.
The billionaire mindset is a rare thing that many only get a quick glimpse of.
You can employ the critical traits within a billionaire’s mindset.
It’s simply the level of commitment that sets the billionaires apart from the rest.
Are you cultivating that mindset?